No Result
View All Result
Friday, June 9, 2023
25 °c
Tripoli
27 ° Sat
24 ° Sun
23 ° Mon
26 ° Tue
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Korean trade show in Tripoli

byMichel Cousins
April 30, 2012
Reading Time: 2 mins read
A A
12
SHARES
51
VIEWS
Share on FacebookShare on Twitter

Tripoli, 30 April:

A 23-man business team representing 12 South Korean companies took part in a one-day Korean Trade Show in Tripoli . . .[restrict]today, Monday.  Companies included LG, STX Construction, STX Offshore & Shipbuilding, DI International, SK Construction, ACE Valves and Younsei Hospital.

Organised by the Korean Trade Investment Promotion Agency (Kotra) the show featured construction, infrastructure, oil and gas and e-government programmes.  It was attended by Libyan businessmen and senior officials including Diya Hamouda, General Manager for International Trade and Foreign Exports at Ministry of Economy, and Omar Jawashi, General Director of Ports at the Transport Ministry.  The chairman of the Union of Chambers of Commerce and Industry Idris Abdulhadi, Misrata Chamber of Commerce and Industry Mohammed Al-Riad and Aziz Massoud, head of International Oganisation at the Ministry of Oil and Gas, also took part.

“It was a valuable event,” said Alaa Ali Hussein from Kotra. “It enabled Libyans to know more about what Korea can offer and Koreans about what is happening in Libya.”

Before the revolution, trade between Libya and Korea was booming.  According to Kotra, Korean companies were involved in $36-billion worth of projects in the country, accounting for a third of all Libya’s foreign business.  Companies like Daewoo built Tripoli’s Marriott Hotel which briefly opened for one week last year and then closed when the revolution started.  It was also involved in building a second luxury hotel on the Gargaresh Road as well as a power plant in Benghazi.  In January last year, it also won orders to build a power plant in Zweitina and a hospital in Tripoli.  Two power plants were also being built in the south of the country by Hyundai.  The Shinhan group were building housing units in Zawia and Tripoli.

RELATED POSTS

UNSMIL urges all players to refrain from delay tactics aimed at prolonging the stalemate

Libyan PM Aldabaiba leads high level ministerial delegation to Rome: multi-sector MoU’s signed

Libya is a major consumer of Korean products, from cars to electrical equipment and airconditioners. In 2010, Libyan imports from Korea were worth $1.4 billion but nose-dived 88 percent during the first seven months of 201 according to the Korea International Trade Association.

The Koreans believe that they are in a pole position to pick up new orders for Libya’s reconstruction. [/restrict]

 
Share5Tweet3Share1

Related Posts

The Restaurant and Food Show – Benghazi 2 to 5 October
Business

The Restaurant and Food Show – Benghazi 2 to 5 October

June 7, 2023
Presentation of mechanism for implementation of the GS1 system for tracking medicines and medical equipment
Business

Presentation of mechanism for implementation of the GS1 system for tracking medicines and medical equipment

June 7, 2023
The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

Misrata Free Zone confirms its continuation to transform to full electronic management

June 6, 2023
Libya invites German companies to resume their projects and invest in Libya
Business

Libya invites German companies to resume their projects and invest in Libya

June 6, 2023
British Libyan Business Association and the Libyan Business Council sign MoU
Business

British Libyan Business Association and the Libyan Business Council sign MoU

June 5, 2023
Libyan Export Promotion Centre discusses with Italian Chamber export of olive oil, dates and tuna to Italy and Europe
Business

Libyan-Tunisia agricultural, marine and food sector B2B meetings – Tunis 19 to 20 June

June 5, 2023
Next Post

Libya hands over plans to destroy chemical weapons

‘Infrastructure is the base for any economic activity’ – Housing Minister Sigoutri

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    86 shares
    Share 34 Tweet 22
  • British Libyan Business Association and the Libyan Business Council sign MoU

    80 shares
    Share 32 Tweet 20
  • AMLY School is offering an innovative approach to learning in Libya

    71 shares
    Share 29 Tweet 18
  • Libyan PM Aldabaiba leads high level ministerial delegation to Rome: multi-sector MoU’s signed

    66 shares
    Share 26 Tweet 17
  • Libya invites German companies to resume their projects and invest in Libya

    62 shares
    Share 25 Tweet 16
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

UNSMIL urges all players to refrain from delay tactics aimed at prolonging the stalemate

Libyan PM Aldabaiba leads high level ministerial delegation to Rome: multi-sector MoU’s signed

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?